Distressed debt buyback bargains prove elusive

By:
Louise Bowman
Published on:
Tuesday, June 09, 2009

Corporate lending has slowed to a trickle, so distressed issuers are turning to debt exchanges and buybacks to avoid bankruptcy. While the leveraged loan market trades well below par, owners and sponsors see this as a no-brainer, but noteholders may have very different ideas. Louise Bowman reports.

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